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Fremont Enterprises has an expected return of 16 % and Laurelhurst News has an expected return...

Fremont Enterprises has an expected return of 16 % and Laurelhurst News has an expected return of 20%. If you put 45 %of your portfolio in Laurelhurst and 55 % in​ Fremont, what is the expected return of your​ portfolio?

The expected return on the portfolio is __​%.

​(Rounded to two decimal​ places.)

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